The COVID-19 pandemic continued to impact the labor market to close 2020. Friday’s release from the Bureau of Labor Statistics showed that faster layoffs led to a loss of 140,000 jobs in December and kept the headline unemployment rate (U-3) at 6.7 percent.
Tag: Bureau of Labor Statistics
Job Losses Mark December Employment Report
The U.S. economy shed 140,000 jobs in December, the Bureau of Labor Statistics reported Friday, although the unemployment rate held steady at 6.7 percent.
Job Growth Slows Heading into Uncertain Winter
Total nonfarm payroll employment growth slowed to 245,000 in November, the Bureau of Labor Statistics reported Friday, with nearly 10 million fewer jobs currently compared to a year ago.
Employers Add 638,000 Jobs; Unemployment Remains Elevated
The economy continued its high-low pattern in Friday’s employment report from the Bureau of Labor Statistics. While total nonfarm payroll employment rose by a strong 638,000 in October, and the unemployment rate fell to 6.9 percent, both numbers reflect the devastating economic effects of the coronavirus pandemic.
September Jobs Report Shows Continued Economic Churn
The final national jobs report before the November elections showed a slowing pace of job creation amid continued economic volatility, the Bureau of Labor Statistics said Friday.
Employment Report: Progress, ‘But a Long Way to Go’
Total nonfarm payroll employment rose by 1.4 million in August, while the unemployment rate fell to 8.4 percent, the U.S. Bureau of Labor Statistics reported Friday.
Unemployment Claims Fall Back Under 1 Million—With an Asterisk
Initial claims for unemployment fell under one million last week for just the second time since March, but the change largely reflected a change in methodology by the Labor Department and remain elevated by historical standards.
ADP: August Employment Up by 428,000
Ahead of this morning’s unemployment insurance claims report from the Labor Department and Friday’s employment report from the Bureau of Labor Statistics, ADP, Roseland, N.J., said private-sector employment increased by 428,000 jobs in August.
July Jobs Up Nearly 2 Million; Unemployment Rate Drops
The Bureau of Labor Statistics reported nonfarm payroll employment increased by 1.8 million during July, pushing the unemployment rate down to 10.2 percent.
MBA Chart of the Week: Ratio of Unemployed Workers Per Job Opening
This week’s MBA Chart of the Week uses data from the U.S. Bureau of Labor Statistics to look at the ratio of the number of unemployed workers to job openings to highlight how the current recession is different than the recession in 2007-2009.